Page 38 - LECTURETTE TOPICS eBOOK

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TOPIC -11

China-Pakistan Economic Corridor (CPEC)

Quick Points to Remember:

• CPEC is a collection of infrastructure projects, currently under construction
in Pakistan.
• The China-Pakistan Economic Corridor was established on 22 May 2013
and launched in 2015.
• The value of CPEC project is worth $46 billion.
• The project will highly benefit both the countries in their economic growth
and development.
• The CPEC is the part of Chinese President Xi Jinping’s Silk Road
Economic Belt and the 21 Maritime Silk Road project.
st
Introduction:

Pakistan and China have good trading relations with each other. To increase the
volume of their trade, China decided to make a large investment in Pakistan which
is named as China-Pakistan Economic Corridor (CPEC). The CPEC is the collection
of infrastructural developments, including power generations and research and
development projects. China and Pakistan, both the countries are going to equally
benefit from the project thus they both are interested in it, and putting all its efforts to
complete the project. The locations selected for the project are Gwadar port in
Baluchistan, Gilgit-Baltistan, Khyber, Pakhtunkhwa, Punjab and Sindh in Pakistan
and Xinjiang in china. The total length of CPEC is about 3000kms.

China has launched one of the largest investment projects for Pakistan. It is going to
fund the infrastructure and power project in the country which will help Pakistan to
overcome the power shortage crisis and also fulfil the infrastructure needs. Thus,
project and trade will significantly impact the GDP and also increase the Foreign

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